The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-08-21
FINANCE AND COMMERCE.
Money 8 Per Cent, New York Ex.
siaags IS Premium.
ssttsn 0u,ct-nIisd,iag Cotton, sssc
Sales Today, 100
Bales.
ArPlAL 0Yyrcs,-
oil IlxT

sAruRpAy RyEHIss, August ~. 1857. j
Money rates remain firm at $ per
cent. No session OF the Stock Gail
Board was held today. Cotton Oh
Trusts tumbled to sol, the lowest
point reached by the Trusts since they
sold at Zoe.
The local cotton market closed quiet
at an advance OF tc on all grades. The
arst Shelby county, Tennessee, bale OF
cotton of the crop Of 1887 8S was sold
in front Of the Cotton Exchange today
at 15tc, the purchasers being Patter.
son, Muller 4 Go. 1t was raised by 3.
q. Caldwell on his place q few miles
east Of The city. Several other bales
Of new cotton were also received to-
day.
New Orleans spots closed firm and
higher by l-l6G3.l6c, according to
grade. August futures went up Is
points, September 8 points, and the
new crop months IL 10 Is points. The
number Of new bales received today
was $50.
At Liverpool cotton was firm, sellers
asking 40 advance. Futures advanced
eto5 points. New York spots were
up / Ice; Angus. futures advanced Is
points, September IS points and the
new crop months 9 to s points. The
New York Commercial Bulletin says:
SIT was suggested that some sort Of a
little squeeze in August would be at.
tempted at New Orleans, where the
list has gone up several points, bat
nothing could stimulate bull feeling
here, and only the light offering APP
pesrsd to hold the position where 1t
was, The condition Of the crop is still
believed to be very good"
The prejudlcs against Investment In
coffee 10 the most difficult TO over.
come, especially with those who were
buyers before the last break In prices.
Sweets are holding pretty steady
position, and on teas and spices own.
srs are not inclined 10 negotiate except
at good round prices.
It'll strongly urged by those who
have carefully studied the ground that
Louisiana sugar pa lters abandon the
plantation susar.house system, to
which they have hitherto confined the
production from the csne and adopt
the central sugar factory method. Un-
der the old way q plantation sugar.
house working 500 to $50 hogsheads or
lpss cannot afford TO maintain the
proper grade OF mschirety, and Is
compelled az certain 81 s4ons to employ
4 large extra amount Of labor. A ecu
trsl factory, hosever, would have VI
the a1vzn ages Of new and improved
machinery, a steady and consequently
better skilled working force, and run
for q much longer period than the
private establishments. The factory
sysiem will be insugura.ed In the
Teche portion oil the STATE by the 81
Mary's branch Of the Louisiana Sugar
Planters Associst on when the pres.
emit crop Ia ready Tor grinding, aud II
the result Is successful other sections
are understood to be ready to follow
IMr3Krs.
Twenty-Five brls spple', 1909 rolf
bAgging, 400 pkgs bacon, 1850 pkg.
boots and shoes, 1900 bu corn, 10
pkgs cheese, 80 tx, coffee, 200 bdlt
cotton ties, 100 brls cement, l2l pkg
drygoods, 6s pkgs eggs, 500 bis honr
1928 bales pay, OIL pkgi hats, 20 head
cattle, % head horses and mules, l6l
pkgs lard, lie 900 feet lumber,4l pkg
liquors, 100 hrls lime, so brls meal, 3O'
kegs nail, 10 brls onions, % brls pota
toee,3 cars porksides, 80 brls sugar
4s6 pkgs tobacco and 1900 bu wheat.